RLI Corp. (NYSE:RLI) Position Decreased by LRT Capital Management LLC

LRT Capital Management LLC trimmed its stake in shares of RLI Corp. (NYSE:RLI - Free Report) by 46.3% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 34,713 shares of the insurance provider's stock after selling 29,958 shares during the period. RLI accounts for 4.4% of LRT Capital Management LLC's portfolio, making the stock its largest holding. LRT Capital Management LLC owned approximately 0.08% of RLI worth $4,621,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Blue Trust Inc. bought a new position in RLI during the fourth quarter valued at $25,000. Eagle Bay Advisors LLC bought a new position in RLI during the second quarter valued at $25,000. Compass Wealth Management LLC bought a new position in RLI during the fourth quarter valued at $32,000. Gladius Capital Management LP lifted its position in RLI by 129.7% during the third quarter. Gladius Capital Management LP now owns 271 shares of the insurance provider's stock valued at $37,000 after purchasing an additional 153 shares during the last quarter. Finally, Quantbot Technologies LP bought a new position in RLI during the third quarter valued at $60,000. 77.89% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have commented on RLI shares. Royal Bank of Canada reiterated a "sector perform" rating and set a $148.00 price objective on shares of RLI in a research report on Friday, January 26th. Keefe, Bruyette & Woods raised their target price on shares of RLI from $160.00 to $168.00 and gave the stock an "outperform" rating in a report on Wednesday, April 10th.

RLI Trading Up 2.3 %

Shares of RLI stock traded up $3.12 during trading on Friday, hitting $140.21. The stock had a trading volume of 204,937 shares, compared to its average volume of 125,538. The firm's fifty day simple moving average is $144.42 and its 200-day simple moving average is $138.77. The stock has a market cap of $6.41 billion, a PE ratio of 21.18 and a beta of 0.37. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.38 and a quick ratio of 0.38. RLI Corp. has a 12 month low of $123.04 and a 12 month high of $149.65.

RLI (NYSE:RLI - Get Free Report) last released its earnings results on Tuesday, January 23rd. The insurance provider reported $1.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.44 by $0.10. RLI had a net margin of 20.15% and a return on equity of 17.02%. The firm had revenue of $433.52 million during the quarter, compared to analyst estimates of $423.12 million. During the same quarter last year, the business earned $1.53 EPS. The business's revenue was up 20.2% on a year-over-year basis. As a group, sell-side analysts expect that RLI Corp. will post 5.56 EPS for the current fiscal year.

RLI Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Thursday, February 29th were issued a dividend of $0.27 per share. The ex-dividend date was Wednesday, February 28th. This represents a $1.08 dividend on an annualized basis and a yield of 0.77%. RLI's payout ratio is 16.31%.

RLI Profile

RLI Corp., an insurance holding company, underwrites property and casualty insurance. Its Casualty segment provides commercial and personal coverage products; and general liability products, such as coverage for third-party liability of commercial insureds, including manufacturers, contractors, apartments, and mercantile.